SmarTrend Detects Continued Selling Pressure in Shares of Medivation (MDVN)
Tuesday, March 9, 2010 - 11:35
Written on Tue, 03/09/2010 - 11:35am
By Chip Brian

SmarTrend identified a Downtrend for Medivation (NASDAQ:MDVN) on March 03, 2010 at $13.05. In approximately 1 week, Medivation has returned 6.7% as of today's recent price of $12.17.
Medivation is currently below its 50-day moving average of $35.36 and below its 200-day moving average of $28.33. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Medivation.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): MDVN

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.